HomeMy WebLinkAbout1890 . - s-
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~ ' SUBORUINATIQN A(iRBB1~BNT
. Z'"HYS AGREEA~NT tnede tMr ~
y o[ April~ 19b5,
bet~een ALFRBD HILL LLSK, JR. and ~
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hio wii~ partiee of the firet part, and FIRST FEDBRAL SAVINGS AND
LpAN l~SSOQ~TION OF INDIAN RtYER COUNTY, a oorporation under the
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. ~ la~ve oi tl~ Uniced ScateB, p~irty of che aeoond part, Wt'TNESSET'H:
THAT WHEREAS, dye parties of the firet part are the .
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awnexe of the follo~wing described property in fee simple: ,~r
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~ All ~ Block 32 a~ PiNEWOOD SUBDIVLSION, ae per
plat therea~ on file in Piat Baok 5, p~age 24, St. Lucle ~
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~ County reoorda, excepting tt~re#mm the follovring: ;
~ Beginning at the S~uthwest carner of eatd b~dc. run - 4
_ _ _ _ _ _ - - - _ _ _ Northeasterly_ a1or~ the _ Northwest side af Sunrise ~
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Boulevard a di~tance ~ 432. 3 feet; thenoe run North- _
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westerly at right angles to Sunrlse Houlevar~d a ~
~ ' distance of 185 feet; thence run We~terly parallel with ;
~ ~ Ceorgia Aveaue to the East eide of South Sixth Street; `
thence run southerly along the East eide of South ~
- Sixth Street to the point of b~gim?ing; . said ~nd lyi~ ;
and situated ~n St. Lucie County, Florida. ~
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~ WHEREAS, said ge~rtiea o[ the first gart have executed a ~
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~ 99 year lesee to SHEFFIELD T. AIIOOD an the above described property '
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~ and which eaid leaee wae dated Apri130, 1958, an~d recorded in Deed Sook
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; Z39, pe?Se 560, public reoords o~ St. I.,ucie Courny, Florida, and,
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; ~iNHEREAS, the said SH~FFIELD T. ABOQD and ANNE E.
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A$OQD, hie wife~ e~ecuted a mortgage on the sa~d ninety-nine year lesee ~
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~ to eaicl perty ~f the secor~d part on the above described property, 9vhich ,
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~ m~rtgage wae dateci the ISth day of April, 1965, a~5d recorded in C~ictal
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~ Record Book r I~~ P~S~ ~a St. LtltCie COU~llCy~ F10]C~de~ pub11G
~ recorda, and given to eecur+~ payment of ~241, 300. 00, and, '
• ~ .'~EREAS, the party a# the seoond part hae cleclined to
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, close ~id loan tor ;241~ 300. 00 becawe tt~ p~rtie~ vf the Hrnt p~rt sre the
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ownere oi ~the ~ee simple title on th~e praperty oovered by the eaid rrr~rtgage
• for ~241, ~00.00, unless anc~ until the parties of the first part ehall aub-
ordinate tbe fee Qimple title end their i~tersat in the above 99year Iease
' io the litCtt Of satd 1~rtgage d~B?t~d Apyc'il 15i 19bS, 8rid tlle pltrty of tbe BeCOnd
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. ' tes~eh ~ im1N~ Atlarn~rs At ~.w, virv~~d~, f1~oAd.